St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-06
On the Chicago Beard Of Trade Satur-
urday the Wheat Market Opened
Little Less Firm.
There Vas No Special Reason For This,
Other Than the Local Temper
Prevailing.
Neither Cables Nor Any Climatic Ad-
vices Changed the General Stu
alton Prevailing.
Transactions in the Financial Circles of
Wall Street.-The General
Markets.

CHICAGO. June 4.-1he wheat market
opened Il little less firm than at the close
Yesterday. There was no spec a reason for
this other than the local temper, for neither
cables nor any climatic advices received dur
ing the early hours of the day changed the
general situation a particle. June wheat,
however received n good deal of attention
during the morning. 1t was bid stoutly for
at the opening at 90l2c. One feature Of the
pit was that there was scarcely any selling OF
the June option by anybody except houses
identified with the clique. Ii became evl-
dent early III the session that the clique was
advancing its selling price for the June OPP
ton. June advanced gradually during the
day from the opening figure of 9ol2c to 92c
al the close. The avidity with which the Of
ferings at each limit were taken was sur
prise to those who have held out the
theory that all wheat short now was against
the actual grain in the country. The Cali
fornia bulge helped June wheat little.
Shorts bought with more or less freedom,
realizing that the clique controls cash wheat
absolutely Receipts of wheat was not as
heavy as expected, being 215 cars of wheat.
July wheat opened at S6l2c, but before noon
the july option was forced up to S1lsc
through heavy purchases by several brokers.
No great amount of clique news was floating
about Some New Workers predicted the col
lapse of their own corner and consequent
disaster to Chicago, but no particular weight
was attached to gossip of this sort. The last
half hour or so witnessed a little reaction,
but part of it was made up. Estimates on the
visible next week are that it will show an in
crease of at least 100000 bushels. July
closed at S6S4c 1t is estimated that during
the morning Rosenfeld d Co. sold the
shorts 100000 bushels of June
wheat. Corn opened steady with a
disposition on the part of the local crowd to
work for an advance. The offerings were not
large and gain of $sc resulted. At the bulge
there appeared to be plenty of sales and all
the early sales were lost and last sales were
at the same figures as yesterday. A large
part of this trading was in changing con-
tracts from June to July. Opening sales of
July were at 395sc, sold to doe, weakened
and closed at 39s4c. Oats were dull and sales
were within a lac range. Provisions were
moderately active but unsettled, and prices
fluctuated more freely within large range
Shorts appeared more anxious to cover and
at times the offerings were light. On every
bulge, however, they were ample for all re-
quirements, and shortly before the close a
slight weakness occurred, but last sales of
short ribs were at the same figurs as yester-
day, but on lard prices were 212@D7l2c better;
July ribs opened at $3.50, broke to S7.47la@
$50, sold to S7.67l2, receded and closed at
S7.57l2: July lard opened at S6.72l2, sold at
S667la@6.7 2l2 and closed with outside fig
ures.
THE QUOTATIONS..
1.-THE leading futures ranged as follows:
Wheat-No. 2 June. 90l2c. closing al 92c;
July, S6l2c, closing at S6$4c; August, S4Ac,
p1 al
ut S3ssc. Corn-No.2 June, 3714c, closing at
3Slac; July, 39s4c, closing AT 3934c; August,
4l14c, closing at 4034@l407Sc; September.
417sc, closing at 41S4c. Oats-No. = June,
2J5sc,. CLOSING at 25S4c; July, 26SSc, closing
at 2624c; August, 26lsc, closing at 26Ac !;
September, 26l8c, closing at 26Ac. Lard
Per 100 lbs, June, S6.62l2, closing at Sc 62l2 :;
July, S6.72, closing at S6.70@6.7212 August,
S6.S2l2, closing at ST. S0@6.S2ia; Septem-
Der, $500, closing at $500. Short ribs
August, $40. closing at S7.65; Sep
TENDER, S1.75, closing at S7.75.
Cash quotations were as follows: Flour
and unchanged. No. 2 Spring wheat, 9Ol2@
92c; No. 3 spring wheat, 'S0@S2c; No. 2
red, 91l2c. Corn-No. 2, 39l2c. Oats-No.
2, 225sc. Rye-No. =, 54c. Barley--No. 2,
55@59e Flax lax Sc seed i S0c l, sl15@l;1S
$662l2@6G5 Short ribs sides, loose, 81. 500
7.52l2; dry sailed shoulders, boxed, $1,000
so; short clear sides, boxed, S765@7.7O.
Whisky-Distillers' finished goods, per gal,
100000 bu; corn, $4,000 bu; oats, 1885,
600 bu; rye, 1000 bu; barley, 1000 bu
Shipments-Flour, $4,000 bbls; wheat,
100000 bu; corn, 10000 bu: oats, JOG 900
butter market was less firm; creamery, 100
Ice; dairy, 120.I5c. Eggs firm at 12la0 13c.